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to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
minister and the u.s. secretary of state. the truce calls for an immediate halt to the fighting and reportedly aims to work towards a longer-term solution as well. >> the latest escalation in violence began just over a week ago. since then, some 140 palestinians and five israelis have been killed in air strikes and rocket attacks. >> we will be trying to go live to cairo and also to gauze in a moment, but first, let's get back to evens earlier in it -- earlier in the day that threatens to derail the talks -- we will be trying to go live to cairo and also to gaza in a moment. >> panic on the streets of televisa. ambulances rushed to the scene of the explosion. -- panic on the streets of tel aviv. the bus was burned out but not torn apart, suggesting it may have been a relatively small bomb. israel is calling this a terrorist attack. >> hamas is a murderous organization, an organization that calls for israel's destruction. anyone who negotiates with them and the prime minister's holding talks with the americans, should know who sits there in gaza, and the need to hit them in those
them. i'm afraid the details haven't been shared with us. >>> hillary clinton joins egypt in attempting to broke aerodeal between israel and hamas. strikes on gaza and rocket attacks into israel continue. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> all right, we're into hump day, the day before thanksgiving, of course, as well. on today's show, we'll have updates from athens and brussels as the eurozone ministers fail to ruse a deal for greece. air strikes and rocket fire continue in the gaza strip in tel aviv, as hillary clinton urges both sides to diffuse violence. we'll have the latest live from zree israeli. we'll also take the pulse of the polish country. analysts from warsaw 40 minutes from now. >>> we'll be in providence, rhode island, to preview travel ahead of the thanksgiving holiday with the head of operations at peter pan bus lines. >>> but first, after nearly 12 hours of talks, eurozone finance ministers have failed in their quest to agree conditions that would have allowed the next chance of bailout cash going to greece. w
of international efforts to mediate a truce between israel and hamas. u.s. secretary general ban ki moon is lending his support. >> my message is clear. all sides must avoid fire. further escalating the situation will put the entire region at risk. >> our leaders, he traveled to jerusalem with talks -- to talk with benjamin netanyahu. he condemned the attacks and the loss of civilian lives in gaza. netanyahu reiterated that they would be willing to are dissipate in a ceasefire but only if hamas immediately sees as the rocket attacks. >> the long-term solution to be put in place through diplomatic means and israel then would be a willing partner to such a solution, but if kroger military action through the necessary to stop the constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> there are signs that diplomatic efforts may be bearing fruit and mediators iran optimistic that a deal can be made to avert an israeli ground offensive. >> -- mediator's remained optimistic. >> what is the reaction to reports of a ceasefire? >> people don't really believe it
thanks to you. happy thanksgiving to all of you. join us on friday. that does it for us today. right now it's time for "squawk on the street." >>> you can have all the turkey you want tomorrow. good morning, welcome to "squawk on the street" i'm carl cramer is off today. some word the fiscal cliff negotiations are not getting off to a good start. moderate red arrows. european leaders failed to reach a bailout payment to greece and will try monday. road map starts on the busiest travel day of the year. there are signs it could be a big quarter for airline and travel, but traditional toys look weak. walmart may have protesters outside its doors on friday. >> deer misses earnings, and the market shrugs it off. >> turmoil in israel with a bomb explosion on board a bus today and a rumored cease-fire that never happened. crude is up $1 as the secretary of state has arrived in cairo. a big day full of planes, trains and automobiles with tens of millions of americans set to embark on their holiday weekend journeys. our phil lebeau is in chicago with more on the holiday travel landscape. how pain
markets closing at 1:00 p.m. eastern on friday. take a look at the u.s. equity futures. the dow is down by about 3 points. the s&p 500 is off by four. the nasdaq down by about 12. because of tomorrow's holiday, you do have the labor department coming out, releasing its weekly jobless claims numbers today. we get them a day early instead of a day late. also today we'll be getting weekly mortgage rates. and freddie mac will report on the weekly mortgage rate averages as well. >> let's talk about the top global market story this morning. it is greece's international lenders, which did not reach a deal, and now they won't be releasing that next bailout payment. nearly 12 hours of talks failed to reach a consensus. the imf and the central bank all going to gather again on monday to try again, but this is not necessarily good news at all. hostess brands will proceed with a plan to go out of business. the maker of twinkies says last-minute talks with the striking workers broke down yesterday, hearing with a bankruptcy judge set for 11:00 eastern time. then we have another string of bad news. >
time, 2:00 p.m. eastern time here in the u.s. the deal announced by the egyptian leader, mohamed morsi, and secretary of state hillary clinton. it was later confirmed by israeli president benjamin netanyahu. comes just hours after a bomb blew up on a bus in the heart of tel aviv. dozens were injured. so far no claim of responsibility but hamas called it a blessed event. within the last few hours, israeli air strikes continued in gaza. this is video of secondary explosions when an hamas weapons depot was hit. michelle caruso-cabrera, our chief foreign correspondent is watching reaction at the nyse. michelle? >> that pushed the dow to the highs of the session. the announcement of the cease-fire got us another 25 points. we have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points, .4%. president obama reportedly just spoke with israel's prime minister benjamin netanyahu. john harwood joins us now. john, what can you tell us? the white house had a lot at stake here by sending hillary clinton to try to get this resolved. >> reporter: absolutely. and t
, it really wasn't. as a i talk, you can look at ten-year for every major developed economy. the u.s., the germans, the french, the u.k., the japanese. month to date, the patterns are almost all die dent call. with all these variables, elections, mideast, fiscal cliff, it seems as though there's only so much flight to safety bid you can push into the marketplace. some traders say that's why you didn't notice. in the old days, it would make a difference. yields are already most accommodative from a nervousness standpoint. i will tell you it was the number one conversation. and even though it really isn't about oil, that's the market everybody is trading to of course kind of play the headlines. >> michael, how about you? how does this impact the way you're allocating capital? >> well, as you know, our strategy is about 45% in cash while the prefunctory -- what we'll have left to boost us higher. i think the market does go higher. here's why. you have $85 billion each month from the federal reserve as far as balance sheet expansion. you have negative real interest rates that will be get
for greg. ♪ >> shannon: the u.s. and egypt brokeer a cease-fire but will it hold up? this is "special report." >> shannon: good evening. i'm shannon bream in for bret baier. secretary of state hillary clinton announced truce after a week of retaliation for hamas rocketfire. in a region where they come and go like the seasons, there are concerns how long it can last. we begin in southern israel. >> restaurant, mile from the border, rest of the soldiers like the rest of the country watch noose announcing a cease-fire. officials mediate the deal. as did the u.s. secretary of state hillary clinton. who arrived yesterday in the middle east. >> we will work to consolidate the process, provide security for people of israel. >> half an hour before the truce was scheduled to take effect, benjamin netanyahu spoke to the country. >> i know there are citizens expecting more reangst. we should use this opportunity to achieve a long lasting cease-fire. >> barrage of rockets targeting israel. minutes after there is a border town. >> part of the agreement is israel will stop the targeted assassinatio
. >> reporter: clinton assured israel of u.s. support. >> the rocket attacks from the terrorist organizations inside gaza on israeli cities and towns must end. >> reporter: secretary clinton met with palestinian leader this morning and will meet with president morsi later today. >> the goal must be a durable outcome that advances the security and legitimate aspirations of israelis and palestinians alike. >> reporter: egyptian president mohamed morsi is seen as critical to any peace dale. his muslim brotherhood is close to hamas. a hamas spokesman is quoted in one report saying we hold absolutely no hope of hillary clinton helping to resolve this conflict. >> susan mcginnis in washington this morning. thank you so much. as we reported egypt is expected to play a key role in brokering a truce and trying to maintain it. clarissa ward reports from caro this morning. >> reporter: good morning. >> we were expecting some type of announcement last night regarding a cease-fire. what happened? >> reporter: that's the million dollar question. everyone here in egypt was expecting for president morsi to m
with shelters. >> we went down, inside the room, we were five of us and we closed the door and we waited for about eight or ten seconds, and then was the first fall. >> no one in the family was hurt, but the rocket attacks have killed five people in israel. he thinks the israeli forces will have to attack gaza to stop the rockets. >> doing something is something we have to do. not staying or waiting or trying or only talking. i think we should make it. >> the gaza strip in palestine suffered more serious damage. israeli attacks killed more than 130 civilians. this house was bombed by the israeli air strike on sunday. 11 people were killed. nine of them were women and children. >> translator: women and children were having a meal at home when the bomb hit. why did they have to be killed? the house was totally destroyed. it was a scene of carnage. >> reporter: the search continues for anyone who remains missing. the israeli military says people linked to hamas lived in the house. the attack was criticized because many civilians were killed. israelis have begun an investigation. a funeral w
the scene for us this morning and how important mr. morsi is in the solution we see here. >> reporter: yeah, christine, this is another critical day in this conflict. a lot of people anxious to see what happens in the coming hours. it's a little after 12:00 noon cairo time and in a couple of hours secretary clinton is scheduled to arrive in cairo meeting with the egyptian president mohammad morsi as well as the arab league. whenever big conflicts happen in the middle east, washington wants to be seen as playing a major role as peacemaker. that is clearly why mrs. clinton is in the region today, but it is also clear that throughout the past few days it's been egypt that's taking the lead as peacemaker. obviously, they have strong links to hamas and they also have links with israel with that peace treaty they have promised to abide by. so they seem to be logical peacemaker. yesterday they were optimistic that a cease-fire would be established. mr. morsi says he expects the aggression to stop. obviously, christine, that didn't happen. heavy fighting throughout the night and the early morning h
this friday. this holiday week the unions are using their leverage, but they went too far with the twinkie. talks with the bakers union to keep the company alive have failed, hostess is it gone. bakeries closed, 18,500 jobs thereabouts gone. a terror attack inside israel. a bomb on a bus in tel aviv. ten injuries reported. secretary of state clinton is in jerusalem and she goes to cairo today. this is "varney & company," an all star, pre-holiday lineup. here we go.  >> top story. the unions are excertifying maximum pressure right now the at worst possible time. people want to shop and unions are making both difficult. sciu expects more than a thousand marches at los angeles international airport and say the company they work for, a contractor for the airport broke the union and took away health insurance and demonstrating. and protests planned at o'hare in chicago. a new company providing custodial services there, nonunion, protests. and a strike, and another one at the port in portland. and a huge protest planned at one thousand wal-mart stores on friday. workers angry about wages and
are there doing nothing, still they're the ones who helped get us into this mess. now they are back. let me ask you about one more thing. we keep hearing about companies like wal-mart paying dividends before the end of the year, realizing dividend taxes will go up, people can click ahead of time, same thing we are hearing about bonuses. it is easy to pay somebody their bonus december 25 of january 2 depending on the tax treatment. do you think that is going to impact gdp in the fourth quart quarter, that there is just a lot more cash realized, like mark peabody and we see a decline in the first quarter because of that, or not? >> the pull forward effects. that is something that is a risk, although quite honestly us economists have been marking down our fourth quarter gdp numbers, we're only now looking for growth at about 1.5% in the fourth quarter. the other thing to keep in mind is how much of that money would actually be spent, depends on how consumers are feeling. if they are feeling nervous, the equity market is really under pressure because it's getting toward the end of the year and we h
of the year. to get you morning is faster return to seoul reporter jackie sissel who joins us live from oakland. >> good morning, the roads are still wet. two things with a wet roadways and another surprising thing so early in the morning is there seems to be a lot of traffic out here the morning before thanksgiving. lots of rain came down overnight and in the last 10 or 15 minutes the rain has stopped but you can see still lots of standing standing water on the roadway. also traffic you won't have a huge commute morning but a lot of people are headed out for a thanksgiving. traffic is starting to build out here kind of surprising. >> the good as it is there's no crazy traffic out this morning at least for you are at. where we seem showers as of now erica? >> the most have been inconsistent rain is in our east bay valleys. concord the willow pass and parts of antioch as well. not so much for jackie sissel is in downtown oakland. showers continue for walnut creek in the will catch a dry break heading into the rest of the san ramon valley. we have showers for the eastern portion of highwa
with us (male announcer): live from the bay area this is the kron 4 morning news. kron 4 news at 4:00 a.m. start now. >> good morning it is wednesday november 21, 2012. some parts of the bay are waking up to rain falling overnight as we are one day away from thanksgiving. good morning i am james fletcher. >> and i am annie. this is the biggest travel day of the year. let us start with the weather and a busy travel day. erica is standing by with the weather. good morning erica. >> good morning to you both. storm tracker 4 is showing where the rain is currently sitting you see our live russell sweeps going throughsweeps going through. >> cannot be surprised if you run into some puzzling yellow on your screen indicates moderate rainfall north of benicia highway 4 approaching to 42 and heading to interstate 680. in walnut creek we are seeing wet weather on the freeway but for the surrounding streets also. sequoia avenue, pleasant hill road we are contending with wet weather there. as we turn to the mid peninsula we are catching a dry break for the eastern end of the san mateo bridge. it is
for the thanksgiving holiday. it used to be the busiest travel holiday but it doesn't appear to be. but there is more traffic on the roads and they are wet. i hydroplaned a couple of times coming down here on highway 101. here are picture we shot at the redwood city caltrains station. people doing planes, trains and automobiles for their thanksgiving travel. we are waiting for things to pick up. it's only 5 a.m. but we'll talk to people about how the rain is impacting their travel plans. but first let's check in with lawrence karnow because he has more information on how long this rain is going to last. good morning. >> reporter: good morning. yeah, the rain continues around the bay area but it tapers off toward the latter part of the morning. right now hi-def doppler picking up on all the showers outside. it pushes through parts of the south and east bay now. you can see the rain line shifted southward. the cold front moving through overnight with winds. pockets of moderate rainfall. if you are at the 280, more of that towards sunnyvale, milpitas. we'll see this on and off this morning but then it
Search Results 0 to 16 of about 17